Issues

The US dollar market buoyant this week despite escalating hostilities in the Middle East

Middle East conflict alarms investors, though money is still plentiful

Shrinking books 'nothing to complain about' as market values quality not quantity

Inflation fears and rate volatility keep euro issuance at bay

High demand from institutional and retail investors for maker of Patriot missile components

Better cost and less execution risk convince issuer to stay in euros, but at least one dollar benchmark to come this year

The launch of a €35bn exchange offer for Germany’s Commerzbank marks a decisive attempt to break a stalemate that has frustrated Andrea Orcel in his quest to turn UniCredit into a pan-European banking champion

Issuer shares experience in executing in a volatile market and how taking a bit of extra risk to issue in dollars as a euro-based issuer paid off

Corporate and unsecured financial issuance unlikely to restart in earnest as yields climb

Many factors could affect the relative value of covered bonds and SSAs this year

Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing

Issuers struggle over what concessions investors will require